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Vandalayind

11/17/17 8:39 AM

#6678 RE: Vandalayind #6677

I'm looking from a long term investment perspective. Does it jump on news? sure. Does it hold probably not.

The PPS compared to the EPS is terribly high. Real investors will want to see those numbers get closer together.

Not knocking the company, just think it's going to be a long haul. I don't know that people already in will have the stomach for where the PPS could go down to. Makes investing here for me uncertain.
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Neophius

11/17/17 8:40 AM

#6679 RE: Vandalayind #6677

There's no short-term incentive to shareholders if the company has raised, through private placement, enough money to keep them going for a while.

The valuation isn't important to them; they won't be raising capital by issuing stock. You could argue that a higher valuation would make them more willing to be bought out, but there's no evidence that's the case.

Unless of course, there's an ulterior motive. So far they haven't diluted, so I'll give them credit for that.
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buzzabby

11/17/17 9:19 AM

#6682 RE: Vandalayind #6677

dont disagree but I think there is going to be more than just one thing with news and updated filings.

Dilution is a concern with any OTC but I still circle around that they cut cost drastically over a year ago to focus on clearance and he contracts work to keep cost down as he has been funding operation. He must have a lot of money or family money to do it. I think Sidney must be pretty well connected to have the confidence to do what he has done